M&G UK equities manager Felton exits

Added 28th October 2016

M&G Investments UK equities manager Mike Felton is to leave the business after 11 years’ service.

M&G UK equities manager Felton exits

He will be replaced at the helm of the £598m M&G UK Select Fund by Sam Ford, who is stepping up from his deputy manager role on M&G’s Dividend and Extra Income funds.

Ford’s appointment will take effect from 1 January 2017 subject to internal approvals. Until the end of the year, the fund will be managed by co-deputy managers Garfield Kiff and Rory Alexander.

There is no change to the objective of the fund; which targets longer term growth through investment in a concentrated portfolio of UK companies.

M&G said Ford brings an investment approach to the UK Select Fund which emphasises the selection of companies with ‘sustainable competitive advantages’ that have the opportunity to re-invest capital at high rates of return.

“Since Sam joined M&G in 2014, he has quickly made his mark as an astute investor and I am confident that he will do a good job for our customers in managing the UK Select Fund,” said Graham Mason, chief investment officer for M&G equities, multi-asset, retail fixed interest. “I would like to thank Mike for his outstanding contribution over the past 11 years at M&G and wish him the best for the future.”

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Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.

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